An account that reduces the gross amount of another account to obtain a net balance.
Related information about offset account:
- Offset Account: Definition from Answers.com
One that reduces the gross amount of another account to derive a net balance. Accumulated depreciation, which is a contra account to fixed assets to obtain.
- Home Loan Offset Account for your Mortgage from eChoice
A mortgage offset account is simply a savings account linked to your loan account and it can help to reduce the loan principal. eChoice can find you the best ...
- What is offset account? definition and meaning
Definition of offset account: Account that reduces the gross balance of another account to yield a net balance.
- Offset account - Mortgage offset account explained | ANZ
ANZ's offset account enables you to make the most of your income and other funds to reduce the interest payable on your home loan. Find out more today.
- Offset account - Easy Street
An offset account is a savings account which is linked to your Easy Street ... The Easy Street 100% offset account is available on the Honeymoon home loan and ...
- What is an offset account - Easy Street
Your offset account is simply linked to your home loan and works like a regular savings account. The balance of savings is offset against the amount you owe on ...
- Get the most out of your 100% offset account
Jan 11, 2012 ... Here are a few ways to make sure that you're using your everyday banking account to save as much interest as you can.
- 100% Offset Account Home Loan - Slash Your Interest!
100% offset accounts allow you to use your everyday funds to reduce the balance of your loan. This can drastically reduce your interest, saving you thousands!